MTV Networks Names Colette Chestnut as Executive Vice President and Chief Financial Officer

MTV Networks Names Colette Chestnut as Executive Vice President and Chief Financial Officer

NEW YORK, Feb. 21 /PRNewswire/ -- Colette Chestnut has been named Executive Vice President and Chief Financial Officer of MTV Networks, it was announced today by Judy McGrath, Chairman and CEO, MTV Networks. As the company's CFO, Chestnut will be based in New York and report directly to MTVN President and COO Michael Wolf. She will assume her responsibilities March 20.

In her role as Chief Financial Officer for MTVN, she will be responsible for managing the financial operations of MTV Networks and will be a member of the MTV Networks Management Committee that plays the lead role in the overall management of the company.

"Colette's experience demonstrates her deep understanding of the complexities of a global business," said McGrath. "I know she'll be an outstanding leader in our company, and I am extremely pleased to have her join our team."

Added Wolf, "As we take the company further onto multiple platforms and around the globe, we couldn't ask for somebody better than Colette to complement the team we have in place at MTV Networks."

Chestnut joins MTVN from JWT, the largest advertising agency in the United States, where she served as the North American Chief Financial Officer since 2000. Earlier, she was The Americas CFO of TBWA Worldwide from 1995 to 2000, where she had overall financial responsibility for the company's North and South American operations. Colette joined Chiat/Day/Mojo in 1992 as controller and was integrally involved in the sale of Chiat/Day to Omnicom and merger into TBWA, an Omnicom network. Chestnut also has worked at The Lowe Group of Companies and was a senior manager at Price Waterhouse. She is a Certified Public Accountant and attended Bucknell University, where she earned a bachelor of science degree in business administration.

The position of CFO was formerly held by John Cucci, who has been promoted to the role of Chief Operating Officer for the Comedy Central/Spike TV/TV Land Entertainment Group.

MTV Networks, a unit of Viacom (NYSE:VIA)(NYSE:VIA.B), is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 120 channels worldwide, owns and operates the following television programming services -- MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN, VH1 CLASSIC, LOGO, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, with all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 95 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.

Source: MTV Networks

CONTACT: David Bittler, +1-212-846-5263, for MTV Networks

Web site: http://www.mtv.com/

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